HPL Electric secures Rs 1.44 billion order for smart and conventional meters
HPL Electric & Power has won an order worth Rs 1.44 billion for the supply of smart and conventional meters. The company, a leading manufacturer of electrical equipment, will execute the order as per the terms of the letter of award (LoA).
HPL operates across five key product areas: metering solutions, modular switches, switchgear, LED lighting, and wires and cables. It holds a strong position in the on-load change-over switches market and domestic electric meters, while also being a major player in low-voltage switchgear and LED sectors.
With seven manufacturing facilities and two research and development centres in India, HPL plans to expand its retail network to 100,000 retailers by March 2025.
